BlackRock Debt Strategies Fund, Inc. Announces Final Results of Tender Offer
Blackrock Debt Strategies Fund, Inc. (DSU)
US:NYSE Investor Relations:
blackrock.com/investing/products/240192/blackrock-debt-strategies-fund-inc-usd-fund
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BlackRock Debt Strategies Fund, Inc. (the “Fund”) (NYSE: DSU, CUSIP: 09255R202) announced today the final results of the Fund’s tender offer (the “Tender Offer”) for up to 5% of its outstanding shares of common stock (the “Shares”).The Tender Offer, which expired at 5:00 p.m. Eastern time on April 16, 2020, was oversubscribed.Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tendering stockholders on a pro rata basis, after disregarding fractions, based on the number of Shares properly tendered (“Pro-Ration Factor”). The final results of the Tender Offer are provided in the table below.Number of SharesTendered Number ofTendered Sharesto be Purchased Pro-Ration Factor Purchase Price*17,034,684 2,470,791 0.14507726 $10.2018*Equal to 98% of the Fund’s net asset value per Share as of April 16, 2020 (the day on which the Tender Offer expired).Questions regarding the Tender Offer may be directed
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Sec Filings
- 3/14/24 - Form N-CEN
- 3/6/24 - Form N-CSR
- 2/26/24 - Form NPORT-P
- DSU's page on the SEC website